What is credit card interest rate in India?

24-48% per annum (2-4% per month). HDFC 3.6%/month, SBI 3.5%/month. Interest applies from transaction date if full bill isn't paid.

Credit Card Interest Calculator India 2026

Q: Is credit card EMI conversion worth it?

Yes — EMI at 13-18% p.a. saves 50-60% vs revolving at 36-48%. But paying in full from savings is always best.

Credit Card Details

Outstanding Balance

₹50,000

₹1K₹10L

Monthly Interest Rate

3.5% per month

1.5%/mo4%/mo

Annual Interest Cost

₹0

at 42% annual rate

Daily Interest

₹0

Monthly Interest

₹0

Annual Rate

1-Year Balance (no payment)

₹0

Credit Card Interest — Key Questions

What is the credit card interest rate in India?+

Credit card interest rates in India range from 24% to 48% per annum (2-4% per month). HDFC charges 3.6%/month, SBI 3.5%/month, Axis up to 3.75%/month. Interest applies from the transaction date if you don't pay the full outstanding amount — not from the due date. Even paying 99% of the bill still attracts interest on 100% of transactions.

Is credit card EMI conversion worth it?+

Converting credit card outstanding to EMI (typically 13-18% p.a.) is almost always better than revolving credit at 36-48% p.a. — you save 50-60% in interest cost. However, the best option is to pay off the full outstanding immediately from savings or a personal loan at 10-14%. Never let credit card debt compound — it doubles every 18-20 months at 42% interest.